The joys of being self employed
Well I've never been this broke in a long time. My account is never under four digits, and frankly my comfort zone is 5 digits. Thats what makes us scramble, when we are below our comfort zone. Frankly, I think I've done better than most Americans could. Try NOT working for over three months and see how your checkbook holds out! Not to mention spending a few thousand on an investment, and to take on more expenses starting a new business. So I'm scrambling to make ends meet but I think the scramble is nearing it's end.
I'm 99% sure I've secured a loan which will get me in the door of my next rental house, and it will give me enough money to get through the holidays, and after that I have an investor ready to go on a flip project. My computer store is slowly picking up speed, but I think its the kind of business that will take a while to build and its a nickel and dime business. Every job is about 10 to 100 dollars, there is no serious gravy to be made from any one client. But I think over time it can grow and I'll hire someone to help with it and it will be another decent little income.
Then I think I have a game deal landed, hopefully two game deals landed. That will be huge for me, and that is how I bread my butter.
But the few things that have been keeping me alive or slowing the bleeding process here, have been real estate and residual income I have from game sales and license deals. I'd have been dead in the water if it weren't for that extra money coming in. So the key to me, is to create more passive income. Earned income is great, but its never steady, so the more I think about it, the more I want to focus my energy towards passive income. Passive income is freedom, and freedom is great, period.
I'm 99% sure I've secured a loan which will get me in the door of my next rental house, and it will give me enough money to get through the holidays, and after that I have an investor ready to go on a flip project. My computer store is slowly picking up speed, but I think its the kind of business that will take a while to build and its a nickel and dime business. Every job is about 10 to 100 dollars, there is no serious gravy to be made from any one client. But I think over time it can grow and I'll hire someone to help with it and it will be another decent little income.
Then I think I have a game deal landed, hopefully two game deals landed. That will be huge for me, and that is how I bread my butter.
But the few things that have been keeping me alive or slowing the bleeding process here, have been real estate and residual income I have from game sales and license deals. I'd have been dead in the water if it weren't for that extra money coming in. So the key to me, is to create more passive income. Earned income is great, but its never steady, so the more I think about it, the more I want to focus my energy towards passive income. Passive income is freedom, and freedom is great, period.
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